Let us look at our general lives. We cant easily trust someone. Also, before hiring someone, proper verification of the prospect is done.
Same is the case while applying for a loan. Therefore, check cibil score regularly.
Why will a lender give you a loan?
Correctly, they also evaluate the person based on his credit report and past financial records.
Here is when the importance of cibil score and credit report come s into the picture.
Where do we lack?
We most often have the habit of procastinating with things. We become led back and let go with things.
But this can affect us a big real-time.
In the case of regular late payment, it will affect us severely.
Be it 60 days late or 90 days late. This is not appropriate.
Resolution :
1) Calendars: make regular use of your mobile apps. Start setting up reminders.
2) Auto pay: Auto- deduction of money is best fit for a busy schedule
3) Weekly payments: Start to weekly instead of monthly. This can lessen the burden
We Hope that you keep a track record of things and follow the steps.
Continue Reading : How Much Will One Late Payment Hurt Your Credit Scores
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